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Gender Inequality and Economic Growth in Korea
Author(s) -
Kim Jinyoung,
Lee JongWha,
Shin Kwanho
Publication year - 2018
Publication title -
pacific economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.34
H-Index - 33
eISSN - 1468-0106
pISSN - 1361-374X
DOI - 10.1111/1468-0106.12181
Subject(s) - economics , inequality , per capita , per capita income , gender inequality , gender equality , labour economics , economic inequality , growth model , demographic economics , endogenous growth theory , macroeconomics , economic growth , human capital , population , demography , gender studies , mathematical analysis , mathematics , sociology
Calibrating an endogenous‐growth model to Korean data, we analyse the impact of gender inequality in Korea on long‐term economic growth. We find that gender equality policies that lower discrimination in the labour market or that increase the time spent by a father on childrearing can contribute positively to female labour market participation and per capita income growth. The simulation results show that when the disparities between men and women at home and in the labour market are completely removed, the female labour force participation rate increases from 54.4 to 67.5%, and the growth rate in per capita income rises from 3.6 to 4.1% on average over a generation.